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Description

50% Shared Ownership of a 2 bed end terrace for £75,000. Monthly rent on remaining share is £193.74. Monthly service charge is £21.86. There is no ground rent to pay.

Available from late 2018

What is Shared Ownership?Shared ownership is a part-buy, part-rent scheme designed to help you buy a home if you cannot afford to buy one on the open market. You buy a share of your chosen property, usually between 50 – 75%, depending on what you can afford. You buy the property on a long lease and pay a subsidised rent on the remaining share. You can then buy further shares as you can afford it and own the property outright. If you own more than 80% and decide to sell, ncha will buy the property back from you.

Who qualifies?Anyone who does not currently own or part own a property and has a household income of less than £80,000 per year can apply.

Viewings & ReservationsBefore arranging a viewing, you will need to register your interest with Help to Buy Midlands by completing an application form on their website . Once assessed, they will forward your application form to us. If your application is successful we will contact you to arrange a viewing.

A non-refundable reservation fee of £250 is required to reserve your new home, this amount goes towards you deposit on completion.

The properties are sold on a 125 year shared ownership lease.

Any measurements quoted are approximate and must be checked on site and against the layout which may vary due to unforeseen circumstances. Floor plans may be mirror handed. These details have been produced for illustrative purposes only and does not form any part of a contract or constitute and offer. Actual specification may vary from that shown in floor plan.

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Property descriptions and related information displayed on this page are marketing materials provided by NCHA Sales. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact NCHA Sales for full details and further information.

*Zoopla limited is an appointed representative of uSwitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide this mortgage comparison service.

**Zoopla Limited is an introducer appointed representative of Neos a trading name of Neos Ventures Limited which is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 752145.